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CIP and Arjun close €383.5m Monegros refinancing

RICHARD HEAP

April 16, 2024

Copenhagen Infrastructure Partners and Arjun Infrastructure have secured a €383.5m green loan to refinance the 487MW Monegros portfolio of 12 operational wind farms in Aragon, Spain.

The pair secured the loan from a syndicate of ABN, Bankinter, BBVA, BNP, Caixabank, Rabobank and Sabadell.

Florian Küster, partner at CIP, said: “Closing this loan marks another important milestone for Monegros, which has generated attractive and stable long-term returns for our investors and is contributing significantly to Spain’s energy transition.”

Julian Skinner, head of asset management at Arjun, said: “We are delighted to have successfully completed this transaction with a strong pool of banks together with our advisors and our long-standing partner CIP. Thank you to all those involved, and we look forward to future collaborations as we work to facilitate the realisation of Europe’s clean energy goals.”

Watson Farley & Williams advised the pair on the financing.

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